Mudgeeraba, Queensland

NO MANAGER’S UNIT. LIVE OFF SITE

SOLD

Business Description

Long Agreements in place.

Stand-alone Manager’s Office on-site. No unit to buy.

Pool, BBQ and low maintenance gardens only with a Body Corporate Salary of $87,000.

Plenty of upside with this business. Take the initiative and see your profits increase.

Well located townhouse complex near the best schools!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $137,000 Remuneration / Body Corp Salary: $87,000Business Value: $713,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $199,000Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 57Total Units in Letting Pool: 21Outside Agent Units: 25Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. The business is currently generating a net profit of $137,000.
2. The Body Corporate Salary is $87,000, with annual CPI reviews.
3. The business has a stand-alone Manager's Office on-site, with no unit to buy.
4. The complex has a pool, BBQ area, and low maintenance gardens.
5. There is potential for increased profits with proactive management.
6. The complex is well-located near top schools.
7. The Manager's Apartment is valued at $199,000 and includes 1 car space.
8. Pets are allowed in the Manager's Apartment.
9. The complex is a Permanent type with 57 units in total.
10. 21 units are currently in the letting pool, with 25 units managed by outside agents.
11. The complex operates under an Accommodation Agreement module with a term of 25 years.
12. There are 24 years remaining on the current agreement term.
13. The complex has amenities such as a pool, BBQ area, and pay TV.

Management Rights Multiplier: 5.20
ROI Estimate: 15.02%